More Than 25% of Hedge Fund Assets Are Invested in This Sector (and It's Not Technology)
It may come as a surprise to many people, but the most popular sector for hedge funds to invest in is the financial sector. According to a WalletHub report based on analysis of the most recent SEC disclosures filed by more than 400 hedge funds, about 25.3% of hedge fund assets were invested in financial stocks at the end of the second quarter of 2017.
It probably won't come as a surprise that technology is the second-largest sector for hedge fund investments. After all, most of the largest companies in the market are tech stocks, and many tech companies have performed tremendously well in recent years.
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Source: Fool.com
